Brandman Retail Ipo
Brandman Retail IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Gretex Corporate Services Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 1,600 | ₹2,81,600 |
| Retail Maximum | 2 | 1,600 | ₹2,81,600 |
| S-HNI Minimum | 3 | 2,400 | ₹4,22,400 |
| S-HNI Maximum | 7 | 5,600 | ₹9,85,600 |
| B-HNI Minimum | 8 | 6,400 | ₹11,26,400 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 13,92,000 Shares | 28.46% |
| QIB (Ex. Anchor) | 9,28,000 Shares | 18.97% |
| NII Shares Offered | 6,99,200 Shares | 14.30% |
| Retail Shares Offered | 16,27,200 Shares | 33.27% |
| Anchor Bidding Date | February 3, 2026 |
| Anchor Investors List | |
| Shares Offered | 13,92,000 Shares |
| Anchor Size | 24.50 Cr. |
| lock-in period end date 50% shares (30 Days) | March 11, 2026 |
| lock-in period end date 50% shares (90 Days) | May 10, 2026 |
| IPO Open Date: | February 4, 2026 |
| IPO Close Date: | February 6, 2026 |
| Basis of Allotment: | February 9, 2026 |
| Refunds: | February 10, 2026 |
| Credit to Demat Account: | February 10, 2026 |
| IPO Listing Date: | February 11, 2026 |
| IPO Bidding Cut-off Time: | February 6, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,35,65,986 | 93.91% |
| Promoter Holding Post Issue | 1,84,57,186 | -% |
| Purpose | Crores |
| Funding Capital Expenditure for expansion of our New Retail Network by launching 15 Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs) | ₹27.90 |
| Working Capital Requirements for New EBOs and MBOs | ₹11.78 |
| Working Capital Requirements for Existing EBOs and MBOs | ₹267.22 |
| General Corporate Expenses | – |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹123.49 | ₹112.34 | ₹8.27 | ₹40.49 |
| 2025 | ₹136.30 | ₹107.97 | ₹20.95 | ₹84.73 |
| Dec 2025 | ₹97.21 | ₹70.68 | ₹19.67 | ₹101.31 |
| KPI | Values |
| ROE: | 108.47% |
| ROCE: | 75.08% |
| EBITDA Margin: | 23.02% |
| PAT Margin: | 15.49% |
| Debt to equity ratio: | 0.40 |
| Earning Per Share (EPS): | ₹16.43 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 70.33% |
| Net Asset Value (NAV): | ₹23.37 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Redtape Limited | 3.08 | 47.39 | 21.55% | 14.27 | 2,020.91 Cr. |
| Bata India Limited | 25.73 | 47.41 | 20.99% | 122.54 | 3,488.79 Cr. |
| Lehar Footwears Limited | 6.15 | 34.59 | 9.67% | 63.6 | 277.21 Cr. |
| Liberty Shoes Limited | 7.92 | 40.57 | 6.09% | 130.6 | 675.48 Cr. |
| IPO Open Date | February 4, 2026 |
| IPO Close Date | February 6, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹167 to ₹176 Per Share |
| Issue Size | Approx ₹86.09 Crores |
| Fresh Issue | Approx ₹86.09 Crores |
| Issue Type | Book build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |